AT&T Inc. (NYSE:T) Shares Sold by Creative Capital Management Investments LLC

Creative Capital Management Investments LLC reduced its stake in AT&T Inc. (NYSE:T) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,554 shares of the technology company’s stock after selling 750 shares during the period. Creative Capital Management Investments LLC’s holdings in AT&T were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Sora Investors LLC bought a new stake in shares of AT&T in the 3rd quarter worth approximately $11,265,000. Checchi Capital Advisers LLC raised its holdings in shares of AT&T by 3.1% in the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after purchasing an additional 1,178 shares in the last quarter. Retireful LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $1,163,000. Terril Brothers Inc. raised its holdings in shares of AT&T by 51.6% in the 3rd quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock worth $8,937,000 after purchasing an additional 202,637 shares in the last quarter. Finally, Breakwater Capital Group raised its holdings in shares of AT&T by 10.5% in the 4th quarter. Breakwater Capital Group now owns 30,770 shares of the technology company’s stock worth $517,000 after purchasing an additional 2,927 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 0.9 %

T traded up $0.16 on Wednesday, reaching $17.05. 24,439,673 shares of the company traded hands, compared to its average volume of 39,163,559. The stock’s 50 day moving average price is $16.97 and its 200-day moving average price is $16.62. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $18.16. The company has a market cap of $121.96 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 3.38 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, sell-side analysts expect that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.51%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio is 59.68%.

Wall Street Analyst Weigh In

T has been the topic of a number of research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $17.00 target price on shares of AT&T in a report on Thursday, April 11th. Scotiabank boosted their price target on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. StockNews.com upgraded shares of AT&T from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.